SentimenTrader Blog


2020-06-04 | Jason Goepfert | Lite

The NYSE McClellan Summation Index has moved above +500 from below -1000. The Summation Index for bonds and overseas indexes recovered, too.

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2020-06-04 | Jason Goepfert | Basic

The Nasdaq Composite has almost fully recovered from its large pandemic decline. It has gone from more than 30% below its 52-week high to within 1.5% of it. Every time it has cycled so far, it has been able to fully retake its previous high, usually within weeks.

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2020-06-03 | Jason Goepfert | Basic

The rally has been sustained and broad enough that the McClellan Summation Index has moved above +500 after hitting -1000 during the panic. When it cycles like this within two months, forward returns were excellent. There have also been recoveries in high-yield bonds and overseas indexes like the DAX, and even emerging markets.; The May survey from Bank of America of large money managers shows that they've become increasingly apathetic about stocks in the eurozone relative to other areas. They are almost at a record underweight relative to their position on U.S. stocks and even bonds.

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2020-06-03 | Jason Goepfert | Basic

The rally has been sustained and broad enough that the McClellan Summation Index has moved above +500 after hitting -1000 during the panic. When it cycles like this within two months, forward returns were excellent. There have also been recoveries in high-yield bonds and overseas indexes like the DAX, and even emerging markets.

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2020-06-03 | Jason Goepfert | Lite

Stocks with strong balance sheets have fully recovered from their pandemic losses, while stocks in a weaker position are still struggling.

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2020-06-03 | Jason Goepfert | Basic

The May survey from Bank of America of large money managers shows that they've become increasingly apathetic about stocks in the eurozone relative to other areas. They are almost at a record underweight relative to their position on U.S. stocks and even bonds.

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2020-06-03 | Troy Bombardia | Premium



2020-06-03 | Troy Bombardia | Premium



2020-06-02 | Jason Goepfert | Basic

Stocks with the strongest balance sheets have greatly outperformed those with weak balance sheets over the past couple of months. They've outperformed the broader market, too. An index of these strong stocks just hit a new all-time high.; Over the past two weeks, an overwhelming number of issues on the NYSE have advanced. This kind of a broad-based rally, for this prolonged period, has led to consistently positive long-term returns. When we see it occur after an oversold reading as we have, it has a perfect record.

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2020-06-02 | Jason Goepfert | Basic

Stocks with the strongest balance sheets have greatly outperformed those with weak balance sheets over the past couple of months. They've outperformed the broader market, too. An index of these strong stocks just hit a new all-time high.

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